Comments on the Brazilian Real, Italian bond yields, high yield ETF flows and US swap spreads.
Recession Fears Yet another call for a recession, using the yield curve as a predictor. This time from Marc Seidner from PIMCO. He says there is a 70% chance the world economy enters a recession in the next 5 years. Why it matters. It doesn’t. First, making a recession call with a 5-year window …
An update on the major events impacting financial markets.
Short and sweet, Lots of charts. Here is a brief update on some the major macro issues moving markets.
Stress in Italy; a break out in 10-year yields; carnage in emerging markets. Lot’s happened this week in fixed-income. Read the post to get the details.
This week’s edition has some interesting charts on investor sentiment, the reflation trade, the Iranian Rial weakness, higher EM bond yields, share buybacks and more.
The (temporary) breach of the 3% level in 10-year rates, corporate earnings, the weakness in emerging markets, the recent bounce in the USD and the potential easing of geopolitical tensions are all driving the news flow. Here are some observations from last week: There is usually a pretty tight correlation between interest rates and stocks …
A brief summary of developments in the global fixed income markets.
A quick chart-tour highlighting important developments in financial markets
This weeks edition of Fixed Income Friday includes an update on funding spreads, the possible derailment of the global growth story, inflation and more.